Legal
Circle, Paxos secure regulatory approval from Singapore financial watchdog
Paxos's license was approved by MAS, while Circle only got its in-principle approval.
Zeynep Geylan 2 min read
Singapore News
News on MAS policy, licensing, venture activity, and Singapore’s position as a Web3 finance hub.
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Adoption
DBS launches programmable money live pilot for Singapore government vouchers
According to the report, this will enhance live transactions with numerous merchants by issuing vouchers using a blockchain and tokenized Singapore dollars.
NFTs
NFT marketplace Souffl3 closes $2 million in seed round
The funding round was co-led by Crypto.com Capital and Synergies Capital. Other participants in the round are Huobi Incubator, M77 Ventures, and J17 Capital.
Latest Singapore Crypto News & Analysis
Crypto
CryptoSlate Wrapped Daily: Phishing attack steals 700 Ethereum; Moldova bans crypto mining
Vitalik Buterin says ZKPs are necessary for Ethereum, Binance overshadows Huobi in derivatives trading, and more in this edition of CryptoSlate Wrapped Daily.
Regulation
Monetary Authority of Singapore proposes new measures to regulate crypto, stablecoins
Monetary Authority of Singapore (MAS) published two consultation papers with a host of new regulatory measures to limit activities of digital payment token services, stablecoin issuers and their customers.
Crime
BitKeep unveils redemption portal for victims of Swap hack
The protocol had promised to compensate every victim of the exploit that took place on Oct. 18.
Crime
Do Kwon, LFG deny cashing out 3313 BTC
South Korean authorities reportedly urged KuCoin and OKX to freeze 3313 BTC worth over $69 million transferred to their platform.
Regulation
Filecoin service provider RRMine moves to Singapore due to China’s crypto restrictions
RRMine considered Singapore as a choice destination due to its accommodating crypto policies and commitment to becoming a global crypto hub.
Partnerships
Singapore’s DBS Bank enters the Metaverse with Sandbox Partnership
DBS Bank will extend its banking experience into the metaverse following its partnership with Sandbox.
More Singapore Crypto News Headlines
Adoption
Singapore’s largest bank DBS to offer crypto services to 300,000 investors
Bankruptcy
Singapore court places Hodlnaut under judicial management
Regulation
Singapore considers stricter crypto regulations to protect retail traders
Bankruptcy
